Strong waves have been made in the crypto world with the eco-friendly crypto project, Ecoterra, achieving a notable milestone: $5.9 million in presale investment. The achievement isn’t by chance, looking closer reveals a project backed by a worthy cause aiming to address grave concerns of climate change, forest depletion, and waste management.
Ecoterra’s functionality is inherently tied to the planet’s dire need for robust climate solutions. The initiative fires on all cylinders, confronting the escalating weather crises, irregular temperature patterns, and environmental disruptions triggered by global warming. Its main tool – an ingenious recycle-to-earn (R2E) model to inspire human participation in eco-friendly pursuits.
It would be careless to overlook the challenges that have plagued green initiatives, such as exorbitant recycling costs and a lukewarm market for recycled materials. Ecoterra, in its visionary approach, aims to tackle these issues by employing blockchain technology. Its R2E model promises to incentivize environment-friendly activities, like beach cleanups, by rewarding do-gooders with $ECOTERRA tokens.
From a monetary perspective, the $ECOTERRA token, unlike traditional fiat currency, carries a prospect of significant price appreciation and enables holders to earn passive income via dividends. But what happens after a user has collected their tokens? This is where Ecoterra brings various other elements into play – a robust R2E mobile app, a carbon offset program, a recycled materials marketplace, and tangible proofs of environmental impact.
Capitalizing on the financial muscle of the recycling industry, currently at $63 billion, projected to touch $88 billion by 2030, Ecoterra aims to metamorphose this sector. Hand in hand with promoting ecological ventures, the platform offers opportunities for individuals and businesses to offset their carbon emissions by funding green projects. Simultaneously, it nurtures a business-to-business (B2B) marketplace targeting an increased demand for recycled materials, also providing discounts for payments made via its tokens.
Like any visionary, Ecoterra doesn’t plan to stop there. The final stages are already in progress, raking in $5.9 million out of the targeted $6.7 million. Not to mention, early contributors are set for a considerable 10% bonus before presale ends. The development team’s roadmap post-presale includes enhancing the platform and introducing the green crypto on tier 1 exchanges.
While Ecoterra’s mission is convincingly noble, and its potential profitability enticing, investors need to remind themselves of the inherent risk in the volatile crypto realm. Nevertheless, the project’s visionaries deserve applause for attempting to create a more sustainable planet using blockchain, and, at least on paper, their efforts appear to be thriving.
Source: Cryptonews
